01821cas a2200241 a 4500 AALejournalIMF014011 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475518672 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Asia and Pacific Dept. Democratic Republic of Timor-Leste : 2013 Article IV Consultation. Washington, D.C. : International Monetary Fund, 2013. 1 online resource (66 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This 2013 Article IV Consultation highlights that the non-oil economy of the Democratic Republic of Timor-Leste has grown rapidly in recent years with growth averaging close to 12 percent from 2008 to 2011, allowing the average per capita income to steadily increase. The growth was driven by a rapid increase in government spending, which boosted the public administration and construction sectors. So far, the contributions from agriculture and manufacturing have been modest. Despite falling from the peak of more than 15 percent in 2011, the inflation rate is still in double digits. Executive Directors have welcomed the revised budgetary framework that anticipates a stabilization of government expenditures and revenue diversification. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2013/338 Full text available on IMF http://elibrary.imf.org/view/journals/002/2013/338/002.2013.issue-338-en.xml IMF e-Library